Major Announcements

In an open letter, Ross County business and government leaders said the sudden shift from closing at the end of the year to shutting down on Aug. 10 not only disrupted the future planning of families and businesses, but also damaged the trust between H.I.G. Capital and the community.

The U.S. Department of Commerce has finalized antidumping duties on softwood lumber imports from Canada, setting rates between 9.65% and 35.53% for entries made during 2023.

Georgia-Pacific is sharing the news that Christian Fischer, president and CEO, announced he is retiring from the company at the end of October and will work to transition his responsibilities beginning in August. Christian joined Georgia-Pacific in 1989 and has held numerous leadership roles. He was named president and CEO in 2017. Mark Luetters, currently executive vice president of Koch, Inc., with responsibility overseeing several Koch companies, including Georgia-Pacific, will continue in that role while serving as Georgia-Pacific's president and CEO.

As previously announced, Metsä Group's new President and CEO Jussi Vanhanen assumes his role today, 1 July 2025. He brings to the role extensive international leadership experience, particularly in the forest industry.

Novolex ®, a leading manufacturer in the food and beverage packaging industry, announced that Tamer Abuaita has been appointed Chief Operating Officer (COO), effective immediately. In this new role, Abuaita will oversee all Novolex global operating functions. He will be based in Charlotte, NC and will report to Novolex Chairman and CEO, Stan Bikulege. Abuaita succeeds Doug Owenby, who has served as Interim COO during the company's initial integration with Pactiv Evergreen. Owenby will continue in an advisory capacity.

American Forest & Paper Association President and CEO Heidi Brock issued a statement in response to H.R. 1, the One Big Beautiful Bill Act, being signed into law.

Cascades Inc. announces that its corrugated medium manufacturing facility in Niagara Falls, NY will be permanently closed as part of the optimization of the Company's packaging production platform. Production will end no later than September 3, 2025.

A unique opportunity to acquire high-capacity paper manufacturing equipment and mill support assets is set to unfold as three leading industrial asset management firms--PPL Group, CRG, and Rabin Worldwide--join forces to conduct a public auction of the former Ponderay Newsprint Mill located in Usk, Washington. The auction will be held online and the two-day sale will be on July 22nd and July 23rd. Pre-Auction offers are encouraged.

The inauguration brought together nearly 20 clients from CMPC's pulp, boxboard, sack kraft, and wood businesses. Guests were welcomed into the company's newly remodeled offices and participated in a series of events aimed at reinforcing collaboration and mutual growth.

Norske Skog Skogn will enter the European market for book paper during the Q2 2026. The new product, branded NOR Book, will be offered in standard qualities pertaining to bulkiness, brightness, and shade.

A unique opportunity to acquire high-capacity paper manufacturing equipment and mill support assets is set to unfold as three leading industrial asset management firms--PPL Group, CRG, and Rabin Worldwide--join forces to conduct a public auction of the former Ponderay Newsprint Mill located in Usk, Washington. The auction will be held online and the two-day sale will be on July 22nd and July 23rd. Pre-Auction offers are encouraged.

International Paper, a global leader in sustainable packaging, on June 3 announced the strategic exploration of a new sustainable packaging facility in Salt Lake City, Utah. The exploration of a prospective new facility is part of International Paper's strategic growth plans to expand manufacturing capabilities in the United States. The company is eyeing Utah to increase its footprint in the region and better serve customers by meeting the growing demand for high-quality, sustainable packaging.

The Pixelle paper mill in Chillicothe is set to officially shut its doors on Aug. 10. The company issued an updated notice Tuesday morning, announcing the official closure date.

30,000 Tons of Specialty Paper Capacity Returns Online to Meet Growing Demand for Sustainable Food Packaging

Kasperkovitz has more than 15 years of experience in various management functions in Europe, North America and Asia, which represent the group's most important production regions and markets.

Graphic Packaging Holding Company announced that Alessandro Maselli has joined its Board of Directors. Mr. Maselli is currently President and Chief Executive Officer of Catalent Pharma Solutions and a member of its Board.

Kadant Black Clawson LLC, a subsidiary of Kadant Inc., successfully started up a new lightweight recycled containerboard line at Cascades' Bear Island facility in Ashland, Virginia.

It has proposed closing five packaging sites in the UK following a strategic review of the region. It did not specify which locations are earmarked for closure.

Tom Erik Foss-Jacobsen has been appointed CEO of Borregaard ASA. He succeeds Per A. Sørlie, who will retire after 26 years in the position.

Two-Day Online Auction Scheduled for June 4-5, 2025, Featuring Extensive Paper Production Equipment from a 135-Year-Old Facility

Torres has served as President of Kimberly-Clark's North America business since October 2024, responsible for the Company's personal care, family care and professional businesses in North America.

Essity's Board of Directors has today appointed Ulrika Kolsrud as President and CEO. Ulrika Kolsrud will assume her position on June 1, 2025. Currently, she holds the position as President of Essity's business unit Health & Medical. She succeeds Magnus Groth, who earlier this year informed the Board that he will leave his position during the year.

Employees at the Cedar Springs Containerboard mill in Georgia were told today (May 14) that Georgia-Pacific plans to permanently close the operation later this year. Most positions will be eliminated by August 1, 2025. All jobs at the Cedar Springs mill will eventually be impacted.

Two-Day Online Auction Scheduled for June 4-5, 2025, Featuring Extensive Paper Production Equipment from a 135-Year-Old Facility

Sylvamo, the world's paper company, is announcing Jean-Michel Ribiéras, chairman and chief executive officer, will retire Dec. 31.